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Shawbrook Bank reviews

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Rated Excellent 4.82/5

Shawbrook Bank reviews

Unverified business

Review summary

People rate this company as Excellent based on 1,814 product reviews

Average score of 4.82/5
5 star
92%
4 star
5%
3 star
0%
2 star
0%
1 star
3%

Latest positive rating

5/5

Having always used 'BIG' banks I was hunting around...

Having always used 'BIG' banks I was hunting around for the best rates for my cash ISAs. Shawbrook had great interest rates but I was... Having always used 'BIG' banks I was hunting around for the best rates for my cash ISAs. Shawbrook had great interest rates but I was a little nervous about using a bank that I hadn't heard of before. My fears were completely unfounded, in fact the opposite was true. Because they are smaller the levels of communication and service are far superior, also the 'computer says no' type of nonsense and ridiculous processes that I'd experienced with the likes of Santander and Lloyds when trying to open/move/close accounts were nowhere to be seen. I'd highly recommend using them, it's how banking used to be! Read more Read less

{"display":"Luke H","full_name":"Luke H","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
Savings
Luke H 30th September 2024

Latest negative rating

1/5

They won't act on ISA transfer instructions to trans...

They won't act on ISA transfer instructions to transfer an ISA for one with a much better rate, it's October tomorrow and this has been... They won't act on ISA transfer instructions to transfer an ISA for one with a much better rate, it's October tomorrow and this has been ongoing since April. The worst customer service I've come across and clearly a dereliction of their duty. Don't put your money with them if you want to transfer for better deals in subsequent years. Read more Read less

{"display":"Sandie P","full_name":"Sandie P","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1062957.png"}}'s avatar
Savings
Sandie P 30th September 2024

About Shawbrook Bank

Shawbrook is a bank popular with real-estate professionals, SMEs and consumers. It provides a wide range of products and services, including savings accounts, personal loans, business financing, and property financing such as mortgages. Shawbrook claims to offer a straightforward, no-nonsense alternative to high street banks, combining traditional banking values with a modern approach.

Find out if existing customers agree by reading the Shawbrook bank reviews on Smart Money People, left by genuine customers.

If you’re considering switching to Shawbrook, read our Shawbrook bank reviews first for valuable insight into what you can expect. Find out how easy others found it to open an account, or about their experience with the customer service team. And most importantly, whether they would recommend Shawbrook.

Have you ever been a Shawbrook customer? Why not leave an honest Shawbrook bank review today. Why did you choose them and are you happy you did? Maybe you were impressed with their knowledge on buy to let mortgages? Or perhaps you were able to take out a home improvement loan at a great rate? Whatever your experience, share it with our Smart Money People community. Together, we can help people like you make better financial decisions.

Is Shawbrook Bank covered by FSCS?

Because Shawbrook is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA), eligible deposits are protected by the FSCS up to £85,000. Any deposits above this figure won’t be covered. It’s also important to remember that the limit applies per authorised firm. So, if you had two separate accounts with Shawbrook, you’d only be protected for up to £85,000 in total across both accounts.

How secure is Shawbrook Bank?

Shawbrook was established in 2011, and is trusted by over 425,000 customers. It is authorised by the PRA and regulated by the FCA so you can be confident your money is safe. However, as with any financial service provider, it makes sense to be vigilant for fraudulent impersonations.

How do I contact Shawbrook bank?

Shawbrook aims to answer common customer questions on its site, but you can also get in touch directly. Find the right contact department for your query here: https://www.shawbrook.co.uk/direct/contact-us/

Which bank owns Shawbrook bank?

In 2017, a consortium led by BC Partners and Pollen Street Capital acquired Shawbrook Group plc.

Does Shawbrook bank have an app?

Unlike a lot of other banks, Shawbrook doesn’t have a banking app, however it does have an online savings portal. This allows you to manage your account directly.

In addition, Shawbrook is an investor in the Wagestream app, where it partners with employers to allow workers to withdraw a proportion of money ahead of their month-end pay check.

Shawbrook Bank at a glance

Reviews for Shawbrook Bank

Showing 11 of 1814 company reviews

Simple to use, but they don't have a mobile app and...

Savings 28th November 2024

Simple to use, but they don't have a mobile app and the login process is too long. Also navigating the Savings account is not simple,... Simple to use, but they don't have a mobile app and the login process is too long. Also navigating the Savings account is not simple, if you click the return button you need to login again every time. Read more Read less

Rated Average 3/5
Read more product reviews

They won't act on ISA transfer instructions to trans...

Savings 30th September 2024

They won't act on ISA transfer instructions to transfer an ISA for one with a much better rate, it's October tomorrow and this has been... They won't act on ISA transfer instructions to transfer an ISA for one with a much better rate, it's October tomorrow and this has been ongoing since April. The worst customer service I've come across and clearly a dereliction of their duty. Don't put your money with them if you want to transfer for better deals in subsequent years. Read more Read less

Rated Terrible 1/5
Read more product reviews
  • 5/5

    Having always used 'BIG' banks I was hunting around...

    Having always used 'BIG' banks I was hunting around for the best rates for my cash ISAs. Shawbrook had great interest rates but I was... Having always used 'BIG' banks I was hunting around for the best rates for my cash ISAs. Shawbrook had great interest rates but I was a little nervous about using a bank that I hadn't heard of before. My fears were completely unfounded, in fact the opposite was true. Because they are smaller the levels of communication and service are far superior, also the 'computer says no' type of nonsense and ridiculous processes that I'd experienced with the likes of Santander and Lloyds when trying to open/move/close accounts were nowhere to be seen. I'd highly recommend using them, it's how banking used to be! Read more Read less

    {"display":"Luke H","full_name":"Luke H","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    Luke H 30th September 2024
  • 5/5

    Good customer service and communication, account ver...

    Good customer service and communication, account very easy to set up!

    {"display":"kkhimji2001","full_name":"kkhimji2001","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    kkhimji2001 24th August 2024
  • 1/5

    Difficult to use and misleading website.

    Difficult to use and misleading website. Have not acted on maturity instructions. Have also forgotten to credit interest. You have to check every detail with this bank.

    {"display":"Ian S","full_name":"Ian S","avatar":{"url":"\/assets\/uploads\/avatars\/users\/1053982.png"}}'s avatar
    Savings
    Ian S 21st August 2024
  • 1/5

    Breach of personal information handling

    Shawbrook have let me down, 1) When I opened a business savings account in the company name, they decided to knock the information display of... Shawbrook have let me down, 1) When I opened a business savings account in the company name, they decided to knock the information display of my personal and business accounts together. 2) They even changed my personal login credentials and would not change them back. 3) I asked them why and to separate the two logins, but they would not listen, making it out like they were doing me a favour. 4) In disgust, I closed the business account. 5) The accounts still persisted in appearing in the listing on their/my front navigation page. 6) I pointed this out and asked them to correct it. And there followed a lengthy mail conversation where they not only pretended to not understand the situation and asked for screenshots twice, but each time they replied it was a different person who did not seem to either understand the problem or irritatingly and incompetently kept cutting and pasting from a crib script - Very annoying. Finally I had a telephone conversation about the whole thing, and they made escalated it into a complaint. In the conversation, they indicated slantedly that they will raise this with the appropriate department, and see if something comes of it. Which I sensed as 'they are going to do nothing about it' and told them so there and then. A few weeks later they paid me a derisory sum for the troubles I had been through. The account front page display, with all the faults pointed out at the outset, persists to this day - they have actually done nothing about it! Read more Read less

    {"display":"H R Dhokia","full_name":"H R Dhokia","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    H R Dhokia 5th August 2024
  • 4/5

    Always near the top on savings rates.

    Always near the top on savings rates. Some minor delays in service response. Also, some minor admin errors. Terms could be better clarified.

    {"display":"RichardH","full_name":"RichardH","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    RichardH 29th July 2024
  • 1/5

    The web site is in complete chaos.

    The web site is in complete chaos. Instructions are contradictory and many of the supposed links for transactions are either missing or do not link... The web site is in complete chaos. Instructions are contradictory and many of the supposed links for transactions are either missing or do not link to the options they are supposed to. Clicking on "help" on the Accounts page produces "Ooops - page no longer exists". Using the secure message page seems to get no prompt response. Read more Read less

    {"display":"Anon","full_name":"Anon","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    Anon 5th July 2024
  • 1/5

    INVEST ELSEWHERE!!

    Everything that could possibly go wrong did and I am so glad I did not invest with them. Terrible customer service and they don’t even bother to answer emails.

    {"display":"ANON","full_name":"ANON","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    ANON 26th June 2024
  • 5/5

    Efficient, friendly and value for money

    The call centre has excellent staff who are UK based, calls are answered quickly and the team are friendly and helpful. Setting up an ISA... The call centre has excellent staff who are UK based, calls are answered quickly and the team are friendly and helpful. Setting up an ISA online was easy and text and email updates on the process were useful. Read more Read less

    {"display":"Rachel H","full_name":"Rachel H","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    Rachel H 31st May 2024
  • 5/5

    Very good rates and products.

    Very good rates and products. Customer service a little slow to respond and all is in-app, which be frustrating but you get there in the end. Overall very happy.

    {"display":"Tim Lole","full_name":"Tim Lole","avatar":{"url":"\/assets\/images\/default_new.png"}}'s avatar
    Savings
    Tim Lole 24th May 2024

    Products from Shawbrook Bank

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